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Labor turnover and the natural rate of unemployment : efficiency wage versus frictional unemployment

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A simple test of the shirking model

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Macroeconomic implications of labour market frictions and efficiency wages

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Pay and productivity in a corporatist economy : evidence from Austria

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Conventional theory predicts that productivity gains lead to hikes in real pay. Efficiency wage theory hypothesizes …

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Why are wages upward sloping with tenure?

Prinz, Joachim - 2004 - 1. Aufl.

One of the most stylized facts in labor economics is the finding that wages tend to rise with job duration but what is the role of productivity between this relation? Intuitively, it seems rather unspectacular that experienced workers' earnings are higher than otherwise comparable junior...